What role does bias play in your life? Most of us would like to think we aren’t influenced by bias in our decision-making, but the reality may be different than expected. Behavioral finance assumes that “financial participants are not perfectly rational and self-controlled” (Investopedia, 2023). Psychological implications—some even related to our overall well-being and health—play a role […]
We are welcoming back Fred Giron, a colleague in the industry and an expert on property and casualty insurance with PHD Insurance Brokers. ———————————————————————————— Last year at this time, I had the ability to secure home and auto insurance from a wide range of prominent insurance companies. However, as of late, scarcely a week passes without an[…..]
Why are non-renewals becoming more prevalent with insurance providers? Recently, there has been a surge in non-renewals of Homeowners (HO) policies across the country. Insurance providers have stopped renewing and even stopped writing new policies in areas that experience intense weather conditions, lawsuits, or where replacement costs have become unmanageable due to inflation. Florida, California and Louisiana[…..]
Divorce is not simply an event. It’s an exhausting and costly process. Once the divorce has gone “final,” a person wants a break from almost everything, especially financial matters over which they have negotiated for months or even years. In addition, they are in no mood to incur more attorney costs. However, there are a few items[…..]
If your brokerage accounts are at TD Ameritrade, the time has come for them to transition to Charles Schwab over Labor Day Weekend. The move has been in the planning stages since 2020 when Schwab acquired TD Ameritrade. In the end, over 13 million accounts will switch custodians! Our office has been planning and training for this[…..]
Recently, the news has been full of talks about artificial intelligence (AI) as this technology has developed rapidly. You may have heard of ChatGPT, an advanced language model developed by OpenAI. It is designed to generate human-like text responses in a conversational manner. ChatGPT has been trained on a vast amount of diverse data from the internet[…..]
As we continue to invite a handful of our most trusted colleagues to give their ideas and expertise on topics of interest, this month we welcome back Curtis Kaiser, JD/MBA. Curtis, a Board-Certified Specialist in Estate Planning, Trust & Probate Law, founded the Kaiser Law Group in Long Beach, California in 2007 to deliver estate planning with[…..]
Not a day goes by that we’re not bombarded with the latest spotlight on bad financial news or prediction of financial disaster. What is an investor supposed to do with this? Are we supposed to take action on this information from the financial media? Spoiler alert: the answer is “No!” and I want to demonstrate that bad[…..]
Is your client struggling with procrastination? Try these three ways to shift decision-making inertia into action. As professionals in the business of serving others, we find great purpose in changing people’s lives through the power of thoughtful planning. Whether it be through the execution of estate, tax or risk management strategies, the ways in which we can[…..]
The competition for market capitalization in the electric vehicle (EV) arena continues to heat up amongst contenders like Tesla, Rivian, Ford, GM, and many more. While the overall percentage of EVs in the US remains small, – about 1% (as of March 2023) – experts estimate that number to increase to 10% by 2025 and exponentially from[…..]
